Credit card companies see students as potential life-long customers as students see credit cards as extra cash to get them by between the times their parents send them allowance. Unfortunately for college students, credit cards aren't just extra cash. They must be paid back. Depending on the debts students rack up on to buy books, for food, for spring break trips and tuition, the credit card companies could get their wish. Students could end up paying back credit card debts for a lifetime if they were only to make the required minimum payments.
Tuition increases rise faster than inflation rates and pay wages. In one state alone, the "Iowa Independent" reported that tuitions in the state rose 99.7 percent in only 10 years. Rises in tuition can be attributed to increases in professor salaries and technological application purchases. This problem impacts independent students who don't rely on parents to pay tuition more than dependent students. Students who were struggling to pay the tuition from the previous year, have an additional burden of a few hundred more dollars or a few thousand more dollars to pay off a tuition that they were already finding hard to meet.
Students work full-time jobs in order to meet tuition costs along with costs of living. Along with adjusting to being away from home for the first time, students are learning to manage their own money for the first time. One solution they try is finding jobs. However, working too many hours can have a negative impact on school work. Poor grades and burn out leads to school drop outs.
Schools can opt to put a freeze on tuition rates for students for the time they are at the school instead of them being forced to pay increased rates every year. New class schedules can be produced with later classes for students who work. Increase the availability of government loans and grants available to students. It may take an increase in taxes to accommodate the increase in funding for grants. Politicians can introduce these to citizens by selling the importance of education.